The General Customs Administration has established the system for self- determination of the customs tax obligation. Through this system, the taxpayer of the customs tax obligation (importer, consignee, customs agent or broker) has the power to set, by itself, the quantity of the customs tax obligation. The above means that the taxpayer acknowledges the imported […]
Intellectual Property in Dominican Republic: Patents, Trademarks, Trade Names & Copyright, Explained Before committing capital to a new market, sophisticated companies ask a blunt question: if we bring our technology and our brand here, can we keep them? In the Dominican Republic the answer runs through two statutes, two agencies and a set of international […]
Documentary Sales: How Exporters and Importers in the Dominican Republic Get Paid Without Getting Burned A container leaves the Port of Caucedo bound for a buyer the seller has never met. The goods are worth six figures. The seller wants payment before losing control of the cargo; the buyer refuses to pay for merchandise that […]
Under Dominican Republic Law 479-08 of Commercial Entities and Individual Limited Liability Enterprises provides, in relation to company mergers, that one or more business entities may by way of merger transfer their assets to an existing entity or to a newly incorporated entity. In relation to Dominican Republic company spin offs, Dominican Law No. 479-08 […]
The Dominican Limited Liability Company or Sociedad de Responsabilidad Limitada (S.R.L.) is the most common and efficient form of organizing a company in the Dominican Republic. The main characteristics of the Dominican Limited Liability Company are: The company must have at least two (2) partners. Each partner must have at least one share or quota. The […]
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